Indian equity markets are expected to open on a positive note with a gap-up, supported by a meaningful improvement in global sentiment. Optimism has strengthened following reports of progress in the resumption of U.S.–Iran talks and early signs of de-escalation in West Asia. Asian equities are mirroring gains in U.S. markets, pointing to a broader pickup in global risk appetite. GIFT Nifty indicates a strong gap-up opening of around 100 points, building on the steady gains seen over the past two sessions and likely to set the tone for today’s domestic market open.

Brent crude oil prices have softened and are currently trading in the $90–96 per barrel range, which is supportive for India as a major oil importer. Lower oil prices are expected to ease imported inflation pressures, reduce input costs across key sectors such as autos, aviation, chemicals, logistics and fertilisers, and provide support to the current account outlook.

While markets are responding favourably to easing geopolitical tensions and lower crude prices, developments remain at an early stage. As a result, although a gap-up opening is anticipated, the sustainability of the move will depend on continued follow-through buying and further positive news flow.

However, sentiment remains sensitive to sudden developments, and any adverse news could quickly alter market direction. Markets are currently highly news-driven, with near-term trends likely to be influenced by geopolitical developments, crude oil price movements, currency fluctuations and foreign institutional investor (FII) activity.

Technical View

Nifty 50

Nifty 50 is expected to open with a sharp gap-up, extending its ongoing recovery phase. From a technical standpoint, the index is approaching a crucial resistance zone around 24,200-24,400, which was previously a strong support and is now acting as resistance. A sustained breakout above this level will be key to accelerating upward momentum, potentially driving the index towards the 24,800–25,000 range. This zone is likely to act as a critical trigger for the continuation of the bullish trend. On the downside, the 24,000 mark now emerges as an important psychological and technical support level, with stronger support placed around 23,800. Sustaining above this zone will be essential to maintain the current positive structure and preserve momentum. Overall, the outlook has turned positive, with continued strength above the 24,000 level remaining critical to sustaining bullish momentum.

Bank Nifty

Bank Nifty is expected to open with a strong positive bias above the 56,000 mark, indicating continuation of the ongoing recovery momentum, supported by firm broader market cues. From a technical standpoint, the index is approaching a crucial resistance zone in the 57,100–57,700 range, which aligns with a previously formed gap area. This zone is likely to act as a significant supply region, and any further upside will require sustained buying interest to absorb potential selling pressure. However, failure to decisively clear this resistance band may result in profit booking and short-term consolidation at higher levels. Overall, the structure remains positive, but the 57,100–57,700 zone will be a key level to watch for confirmation of further directional strength.